LSC appoints to the Board of Directors:
- Mr. Cheoll Ho Ghim; an experienced Asian Mining Executive
- John Hick, Enirgi Group Corporation’s Chairman, to replace Peter Robson
TORONTO, Jan. 25, 2018 (GLOBE NEWSWIRE) -- LSC Lithium Corporation (“LSC” or the “Company”) (TSXV:LSC) announces the appointment of Mr. Cheoll Ho Ghim and Mr. John Hick to the LSC Board of Directors. LSC also announces the resignation of Mr. Peter Robson as director of the Company. Mr. Hick will serve on the Board as an Enirgi Group Corporation (“Enirgi Group”) nominee pursuant to the relationship agreement between LSC and Enirgi Group, in replacement of Mr. Peter Robson.
“We are pleased to welcome Cheoll Ho and John to the Board of LSC. Both Mr. Ghim and Mr. Hick bring a broad range of experience, knowledge and contacts from the mining industry which will be an excellent addition to the skill set of our Board”, said Mr. Stephen Dattels, Chairman of the Board. “I would like to thank Mr. Robson for his contribution and excellent service to LSC”.
Mr. Ghim is a seasoned senior mining executive with an equity capital markets background in Asia. He has held senior leadership positions within numerous companies in a variety of industries including lithium and solar energy vertical farming. Prior to this, Mr. Ghim spent over 15 years working in the Asian capital markets with a focus on M&A transactions, including working as an investment banker for Deutsche bank, BNP Paribas and STIC Investment Inc. in the Asia region. He has an MBA degree from Haas School of Business, University of California, Berkeley.
Mr. Hick has held senior management and/or board of director positions with numerous publicly listed mining and other companies since entering the mining industry in 1981. He also has his own consulting firm to provide consulting services to public and private companies in the areas of corporate restructuring, acquisitions, financing, financial and executive management. He has a Law degree from the University of Ottawa and BA from the University of Toronto.
ABOUT LSC LITHIUM CORPORATION:
LSC Lithium has amassed a large portfolio of prospective lithium rich salars and is focused on developing its tenements located in five salars: Pozuelos, Pastos Grandes, Rio Grande, Salinas Grandes, and Jama. All LSC tenements are located in the “Lithium Triangle,” an area at the intersection of Argentina, Bolivia, and Chile where the world’s most abundant lithium brine deposits are found. LSC Lithium has a land package portfolio totaling approximately 300,000 hectares, which represents extensive lithium prospective salar holdings in Argentina.
For further information please contact:
LSC Lithium Corporation
Ian Stalker
President & Chief Executive Officer
151 Yonge Street, 11th floor
Toronto ON, Canada M5C 2W7
(416) 304 9384
Email: info@lsclithium.com
Web: lsclithium.com
Forward-Looking Statements
Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or future performance, including statements as to the following: the anticipated addition to the Board’s skill set. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on LSC's current belief or assumptions as to the outcome and timing of such future events. Whether actual results and developments will conform with LSC's expectations is subject to a number of risks and uncertainties including factors underlying management's assumptions, such as risks related to the volatility in lithium prices and the market for lithium; exchange rate fluctuations; volatility in LSC’s share price; the requirement for significant additional funds for development that may not be available; changes in national and local government legislation, including permitting and licensing regimes and taxation policies and the enforcement thereof; regulatory, political or economic developments in Argentina or elsewhere; litigation; title, permit or license disputes related to interests on any of the properties in which the Company holds an interest; excessive cost escalation as well as development, permitting, infrastructure, operating or technical difficulties on any of the Company's properties; risks and hazards associated with the business of development and mining on any of the Company's properties as well as other risks as disclosed in the Company’s Filing Statement on SEDAR, dated January 27, 2017. Actual future results may differ materially. The forward-looking information contained in this release is made as of the date hereof and LSC is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein. For more information see the Company's filing statement on SEDAR at www.sedar.com.
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This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.